Should I file an amendment to my 2020 federal return to claim the recovery rebate credit if I have already filed my federal taxes?

Please review the stimulus payment eligibility requirements below. If you qualify and you already filed your 2020 income tax return and didn't claim the second stimulus payment, yes, amend your income tax return to claim the Recovery Rebate Credit.

Wait for the IRS to finalize your return before sending in an amended return. Once the IRS has finalized your return, see How to amend (change or correct) a return you already filed?

• To claim the credit, see How do I claim the Recovery Rebate Credit in TurboTax?

To be eligible for the second stimulus payment, your adjusted gross income (AGI) is below,

• $75,000 for individuals
• $112,500 for heads of household
• $150,000 for married, joint filers

You should receive $600 per individual plus $600 per qualifying child.

For filers with income above those amounts, the payment amount is reduced by $5 for each $100 above the $75,000/$112,500/$150,000 thresholds. This means:

• An individual without children will not receive any payment if their AGI exceeds $87,000
• A couple without children will not receive any payment if their AGI exceeds $174,000
• A family of four will not receive any payment if their AGI exceeds $198,000

You can find your 2019 AGI on line 8b of your Form 1040.